Hi All - my father was approached by a somewhat questionable character “acting” on behalf of a PE firm, attempting what appears to be a roll up strategy. I’m somewhat familiar with the high level approach but not the nitty gritty boots on the ground aspects of putting the strategy into action. Is it normal practice for them to ask the doctor to purchase certain equipment (50K pain testing) and signing NDAs before they really provide him any information? They said something like 2x his office revenue for the year as the payout with options to renew. Does this seem like a weird approach or is it just me? He’s in the twilight years of running a small family practice so a little payday would be a nice cherry on top for him.

I obviously told him to get a lawyer if he were to sign anything, but curious if anyone is close to the healthcare roll up space and what that looks like when DOs are approached.